Time, unless its their stocks were talking about. Theyre interacting in ways i didnt think possible, going up in tandem. How positive is that every night now, i keep highlighting the bizarrely bullish ways that stocks are trading. Sometimes theyre totally in your face. Like this simultaneous move in the price of oil and Airline Stock which ive never seen in almost 40 years in this business its the type of thing that can really get the markets animal spirits roaring as it did once again today. Dow gained 206 points. S p climbing, and nasdaq falling. 081 . Look at this oddity. Lucrative set of circumstances because i want you in. Not excited because thats not rigorous i want you to understand how rare things are that are happening right now. Airline stocks surged because of terrific numbers out of delta. Many thought delta was doing poorly surging up nearly 5 Airline Stocks gone from nearly most expensive because of endless losses to nearly cheapest save the autos because investors cant
Reaching 4 million last week. Thats the highest level since august 2014. The box office awakens. The latest star wars movie breaks all sort of records as it opens to fans in the United States and europe. Oh yes were all looking forward to the force awangs this weekend. Lets check in on u. S. Futures and u. S. Markets first off. Breaking that winning streak on thursday. So we are below fair value so looks like we are opening lower. The s p 500 could be down four points at the open. The Dow Jones Industrials being called down triple digits at this point. Lower than the nasdaq and looking at declienes of 31. Its a sea of red. Modest at this point. Lets call the ftse 100 flat. The cac 40 up by plt 5 but this is on from the session in asia last night and really some confusion over the bank of japan. The boj expanding its asset purchases which includes new Exchange Rate of funds and longer duration bonds. So the etf buying program will start in april but in a press conference just to clarify
Spots. We want to show you the big picture. The storm system is making its way out. Snow is falling as we speak. As we get closer to the bay area, showers moving through, especially near the 680, 580 corridor down towards fremont. Youll seeing heavier pockets of rain right now, even near sun sunnyvale. Youll notice the temperatures in the 40s and 50s. Its going to be a cool day. Mid 50s across the bay. Once we hit 11 00 well see sun come out and another system for together. Weve got three this upcoming week. Talk about that coming up in the next report. Anthony thanks. Its been a rough drive for people heading up to the sierra. The snow was unrelenting last night. We have the scene on i80. You can see it coming down in sheets. Drivers were being cautious. Got to take it easy. Yeah, id like to drive faster and get through it sooner, but in a diesel truck thats not the way. Several ski resorts are reporting this is the best start of the season since 2010. You can track the storm with our
Components. And the rest of the market went along for the downhill ride. The Dow Jones Industrial average declined 253 points to 17,495. Nasdaq dropped 68. And the s p 500 fell 31. As for domestic crude, it crossed closed, excuse me, just below 35 a barrel. 34. 95. Brent crude trading not far from 11year lows. Bob pisani takes a look now at the pressure from crude thats building over stocks. Its about the dollar and oil again. For the second time in as many days the market started on a positive note but then headed south when the dollar rallies and oil dropped and we closed at our lows. Its a lower for longer issue. Many believe oil will stay lower for longer, well into 2016. So if oils at 35 six months from now a lot of exploration and Production Companies might go out of business because they wont be able to get the financing to keep exploring. In part this is a supply problem. Saudi arabia has refused to cut production and its trying to drive u. S. Shale producers out of business. T
Components. And the rest of the market went along for the downhill ride. The Dow Jones Industrial average declined 253 points to 17,495. Nasdaq dropped 68. And the s p 500 fell 31. As for domestic crude, it crossed closed, excuse me, just below 35 a barrel. 34. 95. Brent crude trading not far from 11year lows. Bob pisani takes a look now at the pressure from crude thats building over stocks. Its about the dollar and oil again. For the second time in as many days the market started on a positive note but then headed south when the dollar rallies and oil dropped and we closed at our lows. Its a lower for longer issue. Many believe oil will stay lower for longer, well into 2016. So if oils at 35 six months from now a lot of exploration and Production Companies might go out of business because they wont be able to get the financing to keep exploring. In part this is a supply problem. Saudi arabia has refused to cut production and its trying to drive u. S. Shale producers out of business. T